The job is not done, but bipartisan momentum behind Clarity is a huge milestone
Over the past several months, the industry has shown up and done the hard work, with tireless Senate staff, to get Clarity to a good place. The bill is not perfect (no bill is), but we
@Uniswap believe it puts the US on a path to lead the next financial wave
Importantly for DeFi and for devs, while there have been edits to BRCA, we believe the current draft still protects developers from overzealous prosecution under 1960
As written, the bill will keep well-intentioned non-custodial developers free from money-transmitter liability while ensuring that the future of finance is built in America. The BRCA is a must-include in any bill brought to the floor
We have had many allies in this fight. In particular, I want to thank
@BlockchainAssn and
@fund_defi for their strong advocacy. We would not be at this moment without them
We're also incredibly grateful for the bipartisan effort, especially from
@berniemoreno,
@SenLummis,
@SenRubenGallego,
@Sen_Alsobrooks, and
@SenatorTimScott
While some of our adversaries in Washington still think the old channels of closed-door advocacy are best, our future is built on open, consensus-building in the public square. Just like DeFi
It’s time to pass the Clarity Act!